Yitian Intelligent: Termination of a 1.13 Billion Yuan Cloud Computing Service Contract by its wholly-owned subsidiary

date
01/07/2026
Yitian Intelligent Announcement: Yisuan Intelligent Technology Co., Ltd., a wholly-owned subsidiary of the company, previously signed a "Computing Power Service Project Contract" with Shanghai Wuwen Xinqiong Intelligent Technology Co., Ltd. with a total amount of 113 million RMB, with a service period of five years. After friendly negotiations, both parties recently reached a consensus and signed a termination agreement, confirming the fulfillment of services until June 30, 2026. After Party A settles the service fees and pays the liquidated damages, the contract will be terminated on July 1, 2026. The termination of this contract is based on objective changes in the computing power business and will not have a significant adverse impact on the company's financial condition and operating results.